Article Text
RECEIVER FOR BANK. JACKSON, Miss., Feb. 21.-A receiver was appointed today for the Central Bank, a State concern, on the application of depositors whose checks were not paid. It is believed that the bank will not resume operations.
Central Bank (Jackson, MS)
Episode Information
- Episode UID
1871903591298- Episode Type
- Suspension → Closure
- Bank Type
- state
- Bank ID
-
187190359hash - Start Date
- February 21, 1908
- Location
- Jackson, Mississippi (32.299, -90.185)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
35f1e1812fc01edf
Response Measures
None
Events (1)
1.
February 21, 1908
Suspension
- Cause
- Government Action
- Cause Details
- Receiver appointed by chancery court on depositors' application after check nonpayment; financial stringency rendered investments unprofitable.
- Newspaper Excerpt
- RECEIVER FOR BANK. JACKSON, Miss., Feb. 21.-A receiver was appointed today for the Central Bank, a State concern, on the application of depositors whose checks were not paid.
- Source
- newspapers
Newspaper Articles (15)
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RECEIVER IN CHARGE. Texas Printing Company and Others Take Action Against Bank. Jackson, Miss., Feb. 22.-The Central Bank of Mississippi, located here, was placed in the hands of a receiver on the application of the Dorsey Printing company of Dallas, Tex.: A. K. Seago of New Orleans and others. There has been no excitement or run on the bank, and the officers are confident that they will pay all outstanding paper. E. E. Hindman, a young Jackson lawyer, was appointed receiver by Chancellor Hyell.
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One Failure Causes Another. Jackson, Miss., Feb. 28.-E. E. Hindman, receiver for the Central bank of this city, announced that the Bank of Star, Simpson county, has closed its doors on account of the failure of the Central bank. The affairs of the Central bank are being investigated by an expert accountant
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The Central Bank of Mississippi, at Jackson, was placed in the hands of a receiver last Friday. It was established about a year ago with capital of $600,000 and commenced business with a bright|prospect, but the financial stringency of the past few months rendered its investments unprofitable and forced suspension. It will pay all outstanding indebtedness in full.
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The Central Bank of Mississippi, established at Jackson less than one year ago with a capital of $500,000, is in the hands of a receiver. It is understood that the present embarrassed condition of the bank is brought about by reason of the financial stringency which has impaired the stability of certain banks and merchants in the country districts, and that the a fairs will soon be righted, and that the receivership is only temporary.
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Central Bank Suspends. Very little surprise has been occasioned by the appointment of a receiver for the Central Bank of Mississippi at Jackson ordered by Chancellor Lyell. The bank was organized here last year with an authorized capital of $500,000, but only $100,000 of the amount was paid in. The bank secured a very small patronage, and it is understood that it will be able to pay its depositors in full.
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Article Text
The Central Bank of Mississippi, established at Jackson less than one year ago with a capital of $500,000, is in the hands of a receiver. It is understood that the present embarrassed condition of the bank is brought about by reason of the financial stringency which has impaired the stability of certain banks and merchants in the country districts, and that the affairs will soon be righted, and that the receivership is only temporary.
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ANDERS INDICTED. Banker at Jackson, Miss., Makes His Bond. Birmingham, March 11.-N. T. Anders, President of the Commercial Bank of Jackson and former President of the Central Bank of Mississippi has been indicted by the Hinds County grand jury on the charge of embezzling $25,000 from the latter institution. Anders was placed under arrest and immediately gave bond. The Central Bank of Mississippi was placed in hands of receivers several days ago and the grand jury is probing the failure.
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# JURY INDICTS BANKER ANDERS. Is Charged With Embezzlement of Funds and is Under Bond. N. T. Anders, president of the Commercial bank at Jackson and former president of the Central Bank of Mississippi, has been indicted by the Hinds county, Mississippi, grand jury on the charge of embezzling $25,000 from the latter institution. Anders immediately gave bond. The Central bank of Mississippi was placed in the hands of a receiver several days ago.
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W. J. Rice, the banker arrested in Kentucky last Saturday and returned to Jackson by E. E. Hindman, receiver of the Central bank, the concern Rice is charged with having wrecked, declines to make any statement or to be interviewed by representatives of the press. He is making the best of it in the Hinds county jail, and will probably remain there till circuit court convenes the first Monday in December.
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HIS STATEMENT FALSE Bank Clerk Found Guilty But Jury Recommends Leniency. Jackson, Miss., July 20.-After deliberating for twenty-four hours the jury in the case of W. J. Rice, cashier and founder of the suspended Central bank of this city, accused of having issued a false statement as to the condition of the bank. returned a verdict of guilty late yesterday but recommended that the sentence imposed be lenient. An appeal will be taken.
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CASHIER FOUND GUILTY JACKSON, Miss., July 20.-After deliberating for twenty-four hours the jury in the case of W. J. Rice, cashier and founder of the suspended Central Bank, of this city, accused of having issued a false statement as to the condition of the bank, returned a verdict of guilty late yesterday, but recommended that the sentence imposed be lenient. An appeal will be taken.
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Guilty of Falsifying Accounts. JACKSON, Miss., July 20.-After delibcreting for twenty-four hours, the jury in the case of W. J. Rice, cashier and founder of the suspended Central Bank of this city, accused of having issued a false statement as to the condition of the, bank. returned a verdict of guilty late yesterday, but recommending that the sentence imposed be lenient. An appeal will be taken.
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RICE DECLARED GUILTY OF FRAUD Jackson, Miss., July 20.-After deliberating for 24 hours the jury in the case of W. J. Rice, cashier and founder of the suspended Central bank of this city, accused of having issued a false statement as to the condition of the bank, returned a verdict of guilty late today but recommended that the sentence imposed be lenient. An appeal will be taken.
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RICE EIS PARDONED BY GOV BREWER Man Conected With Interesting Case Is Set Free By Governor . Jackson, Miss., December 25.-(Special.)-Governor Brewer did not hand out any great number of pardons today, but those he did sign were of interest and importance. The pardoning of Banker Rice was one of the most interesting cases that has ever developed in Mississippi. Rice came to Jackson from Kentucky some six or eight years ago and organized what was known as the Central Bank of Mississippi. His idea was to make Jackson the clearing house for the balance of the state, and for a while it looked as if he would succeed, but the panic struck him amidships and he went under, as did many others in this section of the country. The men at the head of the bank were indicted--Rice was not the only one by any means, but the balance of the men got out of the trouble by the payment of a lawyer's fee. Since the conviction of Rice his wife and daughters have been assiduous in their efforts to secure his pardon. It is stated that Rice is a pauper and it is declared that if he is given another chance he will return to his old home in Kentucky and make good. Since his incarceration in the Jackson jail and since he went to the Rankin county convict farm, Mr. Rice has conducted himself in a way that has won the friendship and the admiration of all persons who have come in contact with him.